IGG.L - IG Group Holdings plc
| Previous close | 540.00 |
| Open | 535.40 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 535.40 - 552.20 |
| 52-week range | 467.40 - 916.50 |
| Volume | 678,668 |
| Avg. volume | 1,089,872 |
| Market cap | 2.04B |
| Beta (3Y monthly) | -0.35 |
| PE ratio (TTM) | 12.90 |
| EPS (TTM) | 42.80 |
| Earnings date | 17 Jan 2017 - 23 Jan 2017 |
| Forward dividend & yield | 0.43 (8.00%) |
| Ex-dividend date | 2019-08-23 |
| 1y target est | 765.88 |
- Reuters - UK Focus
UPDATE 2-Plus500 shares jump on buyback, new customer additions
Online financial trading platform Plus500's shares jumped 20% on Tuesday, boosted by a new share buyback plan and solid new customer additions. Plus500, whose shares have been pummelled in recent months by a collapse in revenue due to lower market volatility and a European clampdown on highly leveraged betting, said it was on track to meet expectations for 2019. It said it planned to buy back of up to $50 million of its shares and also revised its distribution policy to return 60% of net profit to shareholders, with half of that through dividends.
- Fool.co.uk
Forget the Metro Bank share price! I’d buy this FTSE 250 dividend growth stock today
Roland Head explains why he's avoiding Metro Bank plc (LON: MTRO) and buying a different FTSE 250 (INDEXFTSE: MCX) financial stock.
- Fool.co.uk
Is this battered small-cap stock now a canny contrarian buy?
Spread-betting firm CMC Markets plc (LON:CMCX) rises on news that client activity has stabilised. Is the recovery on?
- Simply Wall St.
What Do Investors Need To Know About IG Group Holdings plc's (LON:IGG) Future?
On 31 May 2019, IG Group Holdings plc (LON:IGG) released its most recent earnings update. Generally, analyst forecasts...
- Fool.co.uk
Why I’d buy the Barclays share price and this 7%+ yielding FTSE 250 bargain
Harvey Jones spots two bargains in Barclays plc (LON: BARC) and a FTSE 250 (INDEXFTSE:UKX) dividend hero.
- Reuters - UK Focus
UPDATE 2-Trading platform IG confident of turning corner after profit slump
IG Group expects to return to revenue growth in the second half of this year after the online trading platform reported a 31% slump in annual earnings due to Europe's clampdown on high-stakes financial betting by amateur traders. IG, like rivals Plus500 and CMC Markets, has struggled as regulators tightened rules on platforms which had allowed anyone with a bank card to make highly leveraged bets on markets via easily accessible mobile phone apps. The European Union's securities watchdog, the European Securities and Markets Authority (ESMA), introduced a ban on the sale of 'binary' options to retail customers last July, saying there are still concerns about the risks of the products.
- Reuters
Trading platform IG confident of turning corner after profit slump
IG, like rivals Plus500 and CMC Markets , has struggled as regulators tightened rules on platforms which had allowed anyone with a bank card to make highly leveraged bets on markets via easily accessible mobile phone apps. The European Union's securities watchdog, the European Securities and Markets Authority (ESMA), introduced a ban on the sale of 'binary' options to retail customers last July, saying there are still concerns about the risks of the products.
- Simply Wall St.
IG Group Holdings plc (LON:IGG) Is A Real Dividend Rock Star - Here Is Why
If you are an income investor, then IG Group Holdings plc (LON:IGG) should be on your radar. IG Group Holdings plc...
- Fool.co.uk
Top shares for July 2019 (part 2)
We asked our freelance writers to share their top stock picks for the month.
- Bloomberg
U.K. Finance Watchdog Proposes Retail Crypto Derivatives Ban
(Bloomberg) -- The U.K.’s financial services regulator is proposing a ban on retail sales of derivatives tied to some crypto assets, as it seeks to clamp down on risky financial products.The Financial Conduct Authority said cryptocurrencies have no reliable basis for valuation, while market abuse and financial crime are prevalent in the secondary market for digital assets. The watchdog estimates that a ban on retail trading could prevent between 75 million pounds ($94 million) and 234.3 million pounds in losses a year, according to a statement on Wednesday.Retail investors in the U.K. are able to speculate on cryptocurrencies through complex derivatives known as contracts for difference, or CFDs. Largely banned in the U.S. and under increasing scrutiny in Europe, these instruments allow amateur traders to make risky bets on assets without owning them.“Most consumers cannot reliably value derivatives based on unregulated crypto assets,” said Christopher Woolard, Executive Director of Strategy & Competition at the FCA. “Prices are extremely volatile and as we have seen globally, financial crime in crypto-asset markets can lead to sudden and unexpected losses.”Scams involving cryptocurrencies and foreign exchange boomed last year, losing British investors more than 27 million pounds, according to the FCA, which told consumers in May to watch out for online trading platforms offering get-rich-quick schemes.Companies that currently offer CFDs tied to cryptocurrencies include CMC Markets Plc, Plus500 Ltd. and IG Group Holdings Plc, according to their websites. The shares of all three companies briefly declined on the news.“This is further mood music that the regulatory environment for these kinds of business continues to be tough,” said Portia Patel, analyst at Canaccord Genuity. “Expect retail CFD companies to lobby hard against this.”(Updates with CFD providers’ share price moves in fifth paragraph.)\--With assistance from Viren Vaghela.To contact the reporters on this story: Alastair Marsh in London at amarsh25@bloomberg.net;Donal Griffin in London at dgriffin10@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Marion Dakers, Keith CampbellFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Reuters - UK Focus
UPDATE 2-Plus500 revenues pick up as platform adjusts to tougher betting rules
Online trading platform Plus500 said its revenue picked up in the second quarter as it attracted new customers, after being hit hard at the start of the year by new regulations on highly leveraged betting. This reflected a collapse in first-quarter revenues, to less than a fifth of a year earlier, after new rules protecting amateur retail investors from heavy losses hit Plus500 and rivals IG and CMC Markets. Plus500, which is based in Israel but whose platform is registered in Cyprus, did not disclose its second-quarter revenues for 2018.
- Reuters - UK Focus
UPDATE 2-CMC Markets chief says worst is over after profit plunges 90%
Online trading platform CMC Markets posted its weakest annual results in a decade and slashed its dividend on Thursday, but its top boss sought to reassure investors by saying that the worst of the regulatory clampdown on the sector was over. The company's shares, which have lost half of their value in the past 12 months, were up 1 percent on the FTSE small-cap index as Chief Executive Peter Cruddas said he expects to see a return to "good normalised profits" in the next year or so.
- Reuters - UK Focus
LIVE MARKETS-Closing snapshot: IG Group soars, Brexit-sensitive stocks bruised
* European shares down 0.1%; FTSE up 0.1% * Wall Street edges lower on fresh trade concerns * Marks & Spencer top loser in Europe after results * Brexit-sensitive stocks hit as political turmoil deepens ...
- Reuters - UK Focus
BUZZ-IG Group: Confidence on turnaround plan, busy May trading boost shares
** IG Group shares soar 13% and are on track for their best one-day performance in nearly 2 yrs ** A trader says there is increased confidence on their turnaround plan ** Stock also encouraged by co's ...
- Simply Wall St.
Did IG Group Holdings plc (LON:IGG) Insiders Buy Up More Shares?
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...
- Reuters
IG Group shares jump as it sets out goals to return to growth
The company, which provides online stockbroking and trading services to retail investors, said it expected full-year net trading revenue to fall 17% to around 475 million pounds from 569 million a year earlier, while operating profit would sink to 190 million pounds from 281 million pounds. The sector has also faced lower volatility this year as investors gauged the outcome of U.S.-China trade talks and Brexit.
- Reuters - UK Focus
IG Group predicts profit slump as markets, regulation bite
Online financial trading platform IG Group Holdings Plc on Wednesday forecast a sharp fall in full-year net trading revenue and operating profit, saying it was continuing to suffer from low levels of financial market volatility. The mid-cap company said it expected full-year net trading revenue would fall 17 percent to around 475 million pounds ($603.06 million) from 569 million last year, while operating profit would sink to 190 million pounds from 281 million pounds.
- Reuters
IG Group Chairman Andy Green to step down
(Reuters) - Financial trading platform IG Group Chairman Andy Green will step down in September after spending over five years in the role, the company said on Monday. Green's departure comes after IG, ...
- Reuters
Plus500 shares slump to two-year low after revenue collapses
New rules reducing leverage and protecting amateur retail investors from heavy losses have been in place for a year but are only beginning to show up more dramatically in results of Plus500 and peers like IG and CMC Markets. A cryptocurrency boom that was in full swing at the start of 2018 has also collapsed, with bitcoin trading at around $5,000 from highs near $20,000, adding to the platforms' problems. Plus500's revenue sank to $53.9 million in the first quarter from $297.3 million a year ago, sending shares down 43 percent to a two-year low of 399.7 pence and dragging IG and CMC around 5 percent lower.
